Latest News – Page 19

The World Bank has approved a $190 million loan to Pakistan.

ISLAMABAD, Pakistan – The World Bank granted a $190 million loan assistance for Pakistan on Wednesday. The World Bank will discuss ways to increase the country’s electrical generation and will give loans. Furthermore, the contract was signed in the federal city. Asad Hayauddin, a top federal government executive, and AnjumRead More →

The governor of the SBP describes the I-SAAF initiative as a game changer for SMEs.

MULTAN — Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, has stated that the Asaan Credit Scheme (I-SAAF) will be a game changer in improving access to finance for SMEs by addressing the long-standing concern of a shortage of collateral. Dr. Reza Baqir spoke at length aboutRead More →

FBR Chairman assures smooth customs clearance at Chaman

QUETTA – Dr. Muhammad Ashfaq Ahmed, Chairman FBR/Secretary Revenue Division, paid a visit to Customs House in Chaman on the third and last day of his tour to Balochistan. Dr. Muhammad Saeed Khan Jadoon, FBR Member (Customs Policy), Mr. Muhammad Sadiq, Chief Collector Customs (Balochistan), and Mr. Rashid Habib Khan,Read More →

Facebook pays fines to Russia for content that is prohibited.

(Reuters) – MOSCOW (Reuters) – According to the Interfax news agency, Facebook has paid 17 million roubles ($229,643) in fines owing in Russia for failing to erase information deemed unlawful by Moscow, but the danger of a possibly higher charge looms. Facebook parent Meta, along with Alphabet’s Google, will faceRead More →

The Asian Development Bank has approved a loan of $200 million to help Punjab upgrade its irrigation infrastructure.

ISLAMABAD, Pakistan (APP): The Asian Development Bank (ADB) has authorised a $200 million loan to help Punjab province create an irrigation system that would help raise agricultural output and food security. The project loan, which is in Japanese yen, will be used to fund the building of the Greater ThalRead More →

The government has removed Secretary of Petroleum from his position.

ISLAMABAD, Pakistan – Dr. Arshad Mahmood, the Secretary of Petroleum, was fired by the government on Saturday. Following his dismissal from office, Secretary of Petroleum Dr. Arshad Mahmood has been asked to report to the Establishment Division. Secretary Power Division Ali Raza Bhatta has also been given the additional responsibilityRead More →

Taxes for digital nomads will be reduced in Spain.

MADRID, Spain (AFP) – The Spanish government announced steps on Friday to entice so-called digital nomads, or remote IT employees who may work from wherever with an internet connection. A rising number of nations are attempting to entice digital nomads by offering simple visas and tax benefits in the hopesRead More →

The country’s economic bases are open to the rest of the world: Moeed Yusuf

ISLAMABAD – Dr. Moeed Yusuf, Pakistan’s national security advisor, stated on Wednesday that the country’s economic bases are open to the whole globe. In an interview with BBC’s Hard Talk host Stephen Sackur, he answered to a variety of questions about the Pakistan-US Economic Corridor and other problems. He wentRead More →

SBP receives $3 billion Saudi deposit: Shaukat Tarin

ISLAMABAD – Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, stated on Saturday that the State Bank of Pakistan has received a $3 billion deposit from Saudi Arabia (SBP). While delivering the news, Shaukat Tarin praised Saudi Crown Prince Mohammed Bin Salman and the Kingdom of SaudiRead More →

Pakistan’s trade imbalance reached an all-time high in November.

ISLAMABAD: Pakistan’s trade imbalance reached a stunning $20.59 billion in the first five months of the current fiscal year, according to figures released on Friday by the Pakistan Bureau of Statistics (PBS). According to preliminary figures, the merchandise trade deficit increased for the sixth straight month in November, reaching $4.96Read More →